Category: Industry

A document published Nov. 12 on the official website of the Cyberspace Administration of China(CAC) calls on the country to “accelerate” the development of standards for the blockchain industry. The text has been authored by the Ministry of Industry and Information Technology (MIIT)’s Zhou Ping, who is also secretary general of the China Blockchain Technology and Industry Development Forum and...

The “Guangdong, Hong Kong and Macao Dawan District Blockchain Alliance” has been established to promote synergy and innovation and jointly promote the development of the blockchain technology, China News, the official state-run press agency, reported Nov. 9. The newly established alliance — initiated by the Guangzhou City Blockchain Industry Association, the Hong Kong Blockchain Industry Association, and the...

BTCC Pool, the mining operation of Hong Kong-based cryptocurrency exchange BTCC, will close “indefinitely” at the end of this month, a statement from the firm confirmed Nov. 6. BTCC Pool, which began mining activities in 2014, is shutting down due to unknown “business adjustments,” the company wrote, without giving details about the circumstances that led to the decision. Today’s statement reads:...

Founded in Q1 this year by MingLiu Wang, the Chinese Company Tomorrow, aims to have its IPO on the Hong Kong Stock Exchange in 2019 with aiming to be worth approximately HKD $10 Billion (USD $1,275 Billion) after existing only for about 2 years. Tomorrow credits its rapid and successful growth to their uniqueness and...

China’s Center for Information and Industry Development has updated its ranking of 33 crypto projects, evaluated in three separate categories as well as overall. BTC has been downgraded further since the center’s previous update while EOS and Ethereum still top the overall ranking. New Ranking China’s Center for Information and Industry Development (CCID), under the country’s...

Chinese retail giant JD.com is further gaining a foothold in blockchain technology by launching a research lab for blockchain in partnership with two technical institutes, according to an announcement published Oct. 30. Jingdong Group (JD.com) is a leading Chinese e-commerce company, controlling roughly 30 percent of the business-to-consumer online market in China with 314 million active users, according to Financial Times. The...

Joined by leaders from all over the world, the Responsible Blockchain Dialogue (RBD) was held by FinTech4Good in BNY Mellon New York office on October 4th and in Washington DC on October 10th featuring the launch of the Responsible Blockchain World Championship. Leaders from Draper Dragon Innovation Fund, SOSV, GOBI VC, Blockchain Frontier Venture Fund,...

The venture capital wing of the official newspaper of the Communist Party of China (CCP) — People’s Daily Online — has signed a deal for a strategic partnership on a blockchain laboratory Oct. 23, according to a press release. People’s Capital signed a deal with Shenzhen-based technology company Xunlei Limited. Per the terms of the agreement, the two companies will construct a...

The Chinese Financial Blockchain Shenzhen Consortium (FISCO), led by multinational telecommunication company Huawei and tech giant Tencent, will soon present its coinless blockchain FISCO BCOS, as revealed in a press release Tuesday, Oct. 18. FISCO consists of more than 100 financial entities including major players such as WeBank, a digital bank initiated by Tencent, and Shenzhen Securities Communication. The consortium is going to present...

The wealth reserve of the legislature of Singapore has monetarily sponsored the world’s biggest cryptographic money trade, Binance, flagging a developing connection between the nation and the digital currency network. This organization means to build up a fiat-to-crypto trade in the city-state. Vertex Ventures, the funding arm of Temasek Holdings, said it made an interest...